10 May Nine West Holdings Retains Lazard
Nine West Holdings Inc. has retained Lazard as its investment banker to proactively evaluate a long-term capital structure solution for the company.
The company has no near-term debt maturities (next maturity date is 2019), is in compliance with the indentures and other agreements governing its indebtedness for borrowed money, and has ample liquidity ($160 million in liquidity as of December 31, 2016) to continue to operate its business in the ordinary course.
Ralph Schipani, interim CEO of Nine West Holdings, said, “We are pleased to be working with Lazard to proactively address our 2019 debt maturities. Lazard’s engagement will have no impact on our day-to-day business operations, which will continue as usual.”
Nine West Holdings is a leading women’s footwear, accessories and denim company with a portfolio of brands that includes Nine West, Anne Klein, Gloria Vanderbilt, and L.e.i.